UMB Bank N A MO lifted its position in Occidental Petroleum Co. (NYSE:OXY) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,467 shares of the oil and gas producer’s stock after acquiring an additional 11,720 shares during the quarter. UMB Bank N A MO’s holdings in Occidental Petroleum were worth $17,375,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in OXY. UBS Oconnor LLC bought a new position in Occidental Petroleum during the 4th quarter worth $4,604,000. American Trust Investment Advisors LLC bought a new position in shares of Occidental Petroleum in the fourth quarter worth $2,435,000. Gradient Investments LLC grew its stake in shares of Occidental Petroleum by 1,754.1% in the fourth quarter. Gradient Investments LLC now owns 129,026 shares of the oil and gas producer’s stock worth $7,920,000 after purchasing an additional 122,067 shares in the last quarter. United Capital Management of KS Inc. lifted its holdings in shares of Occidental Petroleum by 19.7% in the fourth quarter. United Capital Management of KS Inc. now owns 3,630 shares of the oil and gas producer’s stock valued at $223,000 after buying an additional 597 shares during the period. Finally, Providence Wealth Advisors LLC lifted its holdings in shares of Occidental Petroleum by 18.3% during the first quarter. Providence Wealth Advisors LLC now owns 11,584 shares of the oil and gas producer’s stock valued at $774,000 after purchasing an additional 1,791 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.
OXY stock traded up $0.56 during mid-day trading on Friday, hitting $53.47. The stock had a trading volume of 13,550,344 shares, compared to its average volume of 16,378,747. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. Occidental Petroleum Co. has a 1-year low of $52.47 and a 1-year high of $87.67. The firm has a market cap of $40.02 billion, a P/E ratio of 10.67, a PEG ratio of 2.75 and a beta of 0.76.
Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.02 billion. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, research analysts expect that Occidental Petroleum Co. will post 3.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s dividend payout ratio is 62.28%.
OXY has been the subject of several analyst reports. Mizuho reaffirmed a “buy” rating and set a $82.00 target price on shares of Occidental Petroleum in a report on Wednesday, February 13th. Morgan Stanley set a $72.00 target price on Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, February 14th. Barclays downgraded Occidental Petroleum from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $77.00 to $70.00 in a report on Friday, February 15th. Citigroup downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $72.00 in a report on Tuesday, February 19th. Finally, ValuEngine raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.30.
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About Occidental Petroleum
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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